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Old 04-04-2008, 12:44 PM   #1 (permalink)
 
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Thinking of disowning my smart

My smart finally showed up almost a year to the day since I placed my reservation. I was so excited to finally have it but then when my euphoria calmed down, reality settled in. I would love to go ahead and buy my smart, but the problem is that the car has arrived too...

early.

I was planning on this being a replacement for my currently leased VW and was more than happy to wait. The longer I waited, the better off I was going to be as it would be closer to my lease-end.

So, I am not sure if I can or want to have an extra car payment, along with an additional insurance payment, as well as parking. Problem is that if I give up this one that I had reserved, I don't know when it will be that I get another one, let alone an orphan with what I want at a price I want.

Then there is the issue of where the heck gas prices are going to go this summer...

Anyone have any thoughts? Any similar situations?

I feel like I have come so far, only to get struck out on third base.

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Old 04-04-2008, 12:54 PM   #2 (permalink)
 
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A smart orphan was made available to me before I was really wanting to get one. But I took it inspite of those thoughts and am I ever glad I did. No regrets. But then one has to do what's right for them
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Old 04-04-2008, 12:55 PM   #3 (permalink)
 
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Well Addy, sorry to hear about this issue. I had the same issue happen to me but I decided to double up on my Acura TL lease payments so I would be paid up by the end of 2007 because I thought for sure my smart would arrive in 1/08. Thankfully, I made the last payment in mid January and then handed my daughter the keys when I took delivery of my smart on 2/5. The lease is paid up until 7/08 and she loves her free gas hog. Hopefully, she'll get her smart by 7/1 because her DDE date is 6/08-9/08.

It wouldn't hurt to contact VW's finance company and let them know that you are financially unable to pay the remainder of your lease (due to the current state of the economy ;)) and see if they will let you turn it in without penalty. Let us know what they say and Good luck. Regina
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Old 04-04-2008, 12:56 PM   #4 (permalink)
 
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Quote:
Originally Posted by addison1062 View Post
...I was planning on this being a replacement for my currently leased VW and was more than happy to wait. The longer I waited, the better off I was going to be as it would be closer to my lease-end.
So, I am not sure if I can or want to have an extra car payment, along with an additional insurance payment, as well as parking...
It'll only be double until the lease-end so do it now and enjoy what we're experiencing.
Tough to describe - it's fun.
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Old 04-04-2008, 01:18 PM   #5 (permalink)
 
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Quote:
Originally Posted by addison1062 View Post
My smart finally showed up almost a year to the day since I placed my reservation. I was so excited to finally have it but then when my euphoria calmed down, reality settled in. I would love to go ahead and buy my smart, but the problem is that the car has arrived too...

early.

I was planning on this being a replacement for my currently leased VW and was more than happy to wait. The longer I waited, the better off I was going to be as it would be closer to my lease-end.

So, I am not sure if I can or want to have an extra car payment, along with an additional insurance payment, as well as parking. Problem is that if I give up this one that I had reserved, I don't know when it will be that I get another one, let alone an orphan with what I want at a price I want.

Then there is the issue of where the heck gas prices are going to go this summer...

Anyone have any thoughts? Any similar situations?

I feel like I have come so far, only to get struck out on third base.
I'm in a similar situation, but mine's not too bad. I should have my smart next week or the week after, and I still have two lease payments on my Lexus ** April 15 and May 15. I've been praying it wouldn't get here too soon, and a month earlier than I really would have liked it isn't a disaster. I'll deal with it.
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Old 04-04-2008, 01:32 PM   #6 (permalink)
 
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They say the dealer wil hold the car for up to 30 days as long as they know you are going to buy it. You can use up one of the months with that.
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Old 04-04-2008, 01:35 PM   #7 (permalink)
 
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Depends ...

Quote:
Originally Posted by addison1062 View Post
My smart finally showed up almost a year to the day since I placed my reservation. I was so excited to finally have it but then when my euphoria calmed down, reality settled in. I would love to go ahead and buy my smart, but the problem is that the car has arrived too...

early.

I was planning on this being a replacement for my currently leased VW and was more than happy to wait. The longer I waited, the better off I was going to be as it would be closer to my lease-end.

So, I am not sure if I can or want to have an extra car payment, along with an additional insurance payment, as well as parking. Problem is that if I give up this one that I had reserved, I don't know when it will be that I get another one, let alone an orphan with what I want at a price I want.

Then there is the issue of where the heck gas prices are going to go this summer...

Anyone have any thoughts? Any similar situations?

I feel like I have come so far, only to get struck out on third base.
as always on how long you'll have to pay for both, if you 'park' the smart until your lease runs out you'll have a 'new' car waiting. As it sounds like you'll have two car payments unfortunately you can't do what I do currently with multiple cars (I garage my 'summer' car winters, a Miata, and only carry fire and theft as it doesn't have a lien on it; banks would frown on that). Besides what rrrucke syas, you can also check on the early termination fees which could still be less overall if you have a lot of time left on the lease or try to 'sell' the lease on one of those lease swap sites if its a car someone may want for the rest of the lease term. Some sites to check would include:

http://www.leasetrader.com/

http://www.swapalease.com/g1.asp?gcl...FQijPAodZ1dxMg

http://www.leasetrade.com/

Others on the forum may have some experience with this as many seem to own several cars, good luck!
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Old 04-04-2008, 01:35 PM   #8 (permalink)
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Quote:
Originally Posted by rrrucke View Post
Well Addy, sorry to hear about this issue. I had the same issue happen to me but I decided to double up on my Acura TL lease payments so I would be paid up by the end of 2007 because I thought for sure my smart would arrive in 1/08. Thankfully, I made the last payment in mid January and then handed my daughter the keys when I took delivery of my smart on 2/5. The lease is paid up until 7/08 and she loves her free gas hog. Hopefully, she'll get her smart by 7/1 because her DDE date is 6/08-9/08.

It wouldn't hurt to contact VW's finance company and let them know that you are financially unable to pay the remainder of your lease (due to the current state of the economy ;)) and see if they will let you turn it in without penalty. Let us know what they say and Good luck. Regina
I know you mean well, but screw the smart car if it means ruining his credit rating. In time like these credit rating is very important.
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Old 04-04-2008, 01:49 PM   #9 (permalink)
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Quote:
Originally Posted by Smarteq View Post
They say the dealer wil hold the car for up to 30 days as long as they know you are going to buy it. You can use up one of the months with that.
keep this in mind too. if what 'Smarteq' said is true, that they will 'hold' your car for up to 30 days, remember that when you sign a new loan you may get up to 45 days without a payment as well. that would give you 2 1/2 months before you have to start paying for your Smart.

just a thought......

P.S. i only WISH i had that problem.....;)
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Old 04-04-2008, 01:54 PM   #10 (permalink)
 
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Trade spots with someone?? If that can be done....trade your car, ready now, for someone else with a DDE near what you need???
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